$QQQ, $SPX & $IWM - The Bollinger bands are narrowing
1. $Invesco QQQ(QQQ)$ - The Bollinger bands are narrowing
It's do or die time, the bands are closing and the candle clashed with the "cone" in formation. Usually a bounce follows considering the doji, but if the band is breached tomorrow, down it goes.
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2. $.SPX(.SPX)$ - Indecision at 50DMA, and the Stochastic is just entering in oversold zone. A bounce to the 20DMA is likely, but short lived based on weakness in breadth.
During the last pullbacks the 50DMA has not acted as support. Will this time be different?
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3. $iShares Russell 2000 ETF(IWM)$ - The bright side is in the 50DMA holding price and Williams%R indicating a bounce. The not too good side is in the 10DMA clashing with price and rejecting the bullish daily move, also the Point of Control (black dotted line) also acting as resistance.
A close above the 10DMA would be encouraging tomorrow, nothing is confirmed.
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